Nebius Group (NASDAQ:NBIS) Shares Down 1% – What’s Next?

Nebius Group N.V. (NASDAQ:NBIS) was down 1% on Monday . The stock traded as low as $29.60 and last traded at $32.32. Approximately 5,233,885 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 10,687,537 shares. The stock had previously closed at $32.66.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and set a $51.00 target price on shares of Nebius Group in a research report on Tuesday, January 28th.

Nebius Group Stock Performance

The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of -58.44 and a beta of 2.58. The company’s 50 day simple moving average is $30.78.

About Nebius Group

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.